PROTECTED SOURCE SCRIPT
The Directional Cross Strategy
Aktualisiert
A simple chart-based strategy, which capitalizes on trend change.
Based on Azeez Mustapha's article featured in Stocks & Commodities Oct 2021 issue.
This indicator consists of three tools: a simple moving average (SMA), price envelopes, and Bollinger Bands.
Please note that this strategy only works in trending markets.
What is a trending market?
A trending market is one that is ascending with higher highs and higher lows or descending with lower highs and lower lows.
So, when the market is ranging it's not a good fit for this strategy. It is therefore advisable for the trader to stay out of the market when consolidation is noticed.
Usage of other tools in combination with this one is recommended to determine the market conditions.
Ok, so how to use this indicator:
The combination of the indicators used in this strategy displays BUY and SELL alerts.
When the lower line of the envelope on the chart would cross over the lower band of the Bollinger Bands, a BUY alert is displayed.
When the upper line of the envelope on the chart would cross down the upper band of the Bollinger Bands, a SELL alert is displayed.
As always, proper risk management should be followed.
Based on Azeez Mustapha's article featured in Stocks & Commodities Oct 2021 issue.
This indicator consists of three tools: a simple moving average (SMA), price envelopes, and Bollinger Bands.
Please note that this strategy only works in trending markets.
What is a trending market?
A trending market is one that is ascending with higher highs and higher lows or descending with lower highs and lower lows.
So, when the market is ranging it's not a good fit for this strategy. It is therefore advisable for the trader to stay out of the market when consolidation is noticed.
Usage of other tools in combination with this one is recommended to determine the market conditions.
Ok, so how to use this indicator:
The combination of the indicators used in this strategy displays BUY and SELL alerts.
When the lower line of the envelope on the chart would cross over the lower band of the Bollinger Bands, a BUY alert is displayed.
When the upper line of the envelope on the chart would cross down the upper band of the Bollinger Bands, a SELL alert is displayed.
As always, proper risk management should be followed.
Versionshinweise
Buy/Sell signals now coordinate with the BB offset.Geschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
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